Property

Metro Manila’s residential condominium market is beginning to show signs of recovery, largely fueled by sustained demand for affordable housing—even as vacancy rates remain elevated, according to Colliers Philippines.

SM Hotels and Conventions Corp. (SMHCC) has named industry veteran Sherwin Lucas as general manager of SMX Convention Center Manila, entrusting him as well with leading the rollout of SMXCITE (SMX Center for International Trade and Exhibitions), the company’s flagship venue slated to rise within the Mall of Asia Complex by 2027.

Ayala Land Inc., one of the country’s largest property developer, reported first-quarter 2026 net income of P5.4 billion on revenues of P37.5 billion, as the property giant sharpened its focus on recurring income streams and disciplined capital deployment amid a more cautious operating environment.

The supply of Philippine Economic Zone Authority (PEZA)-accredited office space in Metro Manila is tightening, particularly in major central business districts, raising concerns over limited expansion options for key occupiers.

A new boutique residential project is set to reshape one of Baguio City’s most tightly held addresses, as Dacon Corp. launches One South Drive, with project management and marketing led by DMCI Homes, the property arm of DMCI Holdings, Inc..